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RWA protocol Untangled Finance debuts private credit pool on Celo

RWA protocol Untangled Finance debuts private credit pool on Celo

Real-world asset (RWA) protocol Untangled Finance has announced its first on-chain securitization pool on the Celo blockchain. The pool is structured under Luxembourg’s securitization laws, collateralized by a diverse set of French working capital assets from fintech Karmen, and has a debt ceiling set at $6 million.The Credit Collective, supported by Fasanara Capital as the […]
Fed Holds Rates At 5.25-5.50%, Battles To Hit 2% Inflation

Fed Holds Rates At 5.25-5.50%, Battles To Hit 2% Inflation

The Federal Reserve maintained its current stance on interest rates, opting not to implement a cut despite ongoing struggles with inflation. Since a hike in July 2023, the U.S. central bank has kept its benchmark short-term borrowing rate at a range of 5.25% to 5.50%. This marks the highest level in over two decades. This […]
Japanese Yen Commentary – Thursday, May 2

Japanese Yen Commentary – Thursday, May 2

USDJPY Drops AgainThe US Dollar dropped more than 3% against the Japanese Yen yesterday as the Fed struck a less hawkish tone than many were expecting at the May FOMC. The Fed warned that it was still set on easing rates but had not yet gained enough confidence in inflation. In a comment clearly aimed […]
EUR/USD Analysis: Weak Bounce Despite Fed Announcement 
                    
EUR/USD Technical analysis and forecast:

EUR/USD Analysis: Weak Bounce Despite Fed Announcement EUR/USD Technical analysis and forecast:

The EUR/USD pair remained steady around 1.0715 despite the US Federal Reserve’s announcement and comments from Fed Chair Jerome Powell. According to the economic calendar data, the Federal Reserve kept the target range for the federal funds rate unchanged at 5.25%-5.50% at its May meeting for the sixth time in a row, as ongoing inflationary […]
Mineral Resources Limited – Min Stock Analysis & Elliott Wave Technical Forecast

Mineral Resources Limited – Min Stock Analysis & Elliott Wave Technical Forecast

ASX: MINERAL RESOURCES LIMITED – MIN Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with MINERAL RESOURCES LIMITED – MIN. We have determined that wave ((2))-red has ended, and wave ((3))-red can be opened to push higher.ASX: MINERAL RESOURCES LIMITED – MIN Elliott Wave Technical Analysis  ASX: MINERAL […]
Stocks: Is “Selling In May And Going Away” Justified?

Stocks: Is “Selling In May And Going Away” Justified?

The Fed news brought some volatility, but the market went sideways. Which direction is next?Yesterday’s trading session was quite volatile and it was to be expected given the FOMC Rate Decision and the Fed Chair Powell’s Press Conference. The S&P 500 rallied after 2:00 p.m. to give back all the gains, ultimately closing 0.34% lower. […]
MoonPay and PayPal unite to streamline fiat-to-crypto transactions for US users

MoonPay and PayPal unite to streamline fiat-to-crypto transactions for US users

PayPal has partnered with MoonPay to introduce a new fiat-to-crypto transaction service for US customers, according to a press release published today by MoonPay. The collaboration marks MoonPay as the first on- and off-ramp provider to incorporate PayPal’s payment system, enhancing the ease of purchasing crypto. 🌙 Exciting news from MoonPay! 💳 Today, we’re thrilled […]
Upswing Rejection

Upswing Rejection

S&P 500 withstood strong ADP employment change, overlooking soft landing incompatibility and focusing on the no stagflation angle as that was what helped sink stocks Tuesday (ignore crude oil inventories). Both manufacturing PMI and JOLTS supported soft landing, yet stocks didn‘t rally before FOMC.Such was the daily chart and sectoral reasoning yesterday. And then comes […]
US Fed Tilts Towards A Rate Cut Despite The Postponement. Hkma Left The Rate Unchanged At 5.75%

US Fed Tilts Towards A Rate Cut Despite The Postponement. Hkma Left The Rate Unchanged At 5.75%

At Tuesday’s close, the Dow Jones Index (US30) added 0.23%, while the S&P 500 Index (US500) was down 0.34%. The NASDAQ Technology Index (US100) closed negative 0.33%. US stock indices traded mixed on Wednesday. Stock prices rose after bond yields fell, and Fed Chairman Powell said it was unlikely that the Fed’s next move would be a rate hike. However, the broader […]
USDJPY Breaks Down: Uptrend Over Or Correction Incoming?

USDJPY Breaks Down: Uptrend Over Or Correction Incoming?

USDJPY’s price action has shifted, raising questions about the future direction of the currency pair. This analysis examines the technical situation and explores potential scenarios.USDJPY Breaks Key Levels Uptrend Faces Hurdle: A key technical development is the break below the rising trend line on the 4-hour chart and the crucial support level at 153.58. This suggests […]